China’s push to revive the economy this year by increasing infrastructure spending while warding off financial risks is facing headwinds from massive local-government debt, which is more than $9 …
Monthly Archives For March 2023
Crypto flash crash on Huobi spurs Sun to inject $100 million
China-born crypto mogul Justin Sun. Sun, an adviser to Huobi, tweeted that the exchange and its crypto wallets are safe. #Huobi will bear all leverage-through position losses on the platform resulted …
China’s new premier, a Xi loyalist, is caught between business and politics
Li Qiang, who oversaw the disastrous Shanghai lockdown, will become Chinese leader Xi Jinping’s No. 2 on Saturday. Will he be a yes-man or could he influence policy?
Over the South China Sea, dispute simmers via radios and rhetoric
By Eloisa Lopez ABOARD PHILIPPINES COAST GUARD PLANE, South China Sea (Reuters) – As a Philippine coast guard aircraft flew over the disputed Spratly islands in the South China Sea on Thursday, a …
Nike, Starbucks, and Other Retailers Are Betting Big on China’s Reopening. It Won’t Be Easy.
The Chinese government’s decision to roll back Covid-19 restrictions renewed hope on Wall Street that the Year of the Rabbit could bring some much-needed luck back to retailers that depend on the …
Pacific’s Micronesia in talks to switch ties from Beijing to Taiwan- letter
Then U.S. Secretary of State Mike Pompeo’s plane makes its landing approach on Pohnpei International Airport in Kolonia, Federated States of Micronesia August 5, 2019. REUTERS/Jonathan Ern …
China’s Xi Jinping unanimously elected to serve third term as president
China’s legislative body elected President Xi Jinping to a third five-year term as president on Friday. The election upended a longstanding Chinese precedent.
Analysis: Debt-laden local governments pose fresh challenges to China’s growth, financial system
China’s push to revive the economy this year by increasing infrastructure spending while warding off financial risks is facing headwinds from massive local-government debt, which is more than $9 …
Outgoing president of Micronesia accuses China of bribery, threats and interference
In his letter, Panuelo openly canvassed the country switching its diplomatic recognition from Beijing to Taipei …
Here Are the Men Leading China for the Next Five Years
As Xi Jinping starts his third term as president, he is pushing sweeping changes to the rest of the country’s leadership to elevate his allies.
China’s Xi gains unprecedented third term as president
Delegates are set to approve China’s new premier on Saturday. Xi is scheduled to speak at the parliamentary meeting’s closing ceremony on Monday. The new premier is set to speak w …
Crypto Bros Turn Back Time on Their Rolexes, Patek Philippes
Many of those who bought luxury timepieces during the boom of 2022 have been forced to sell. But those bargains might soon run out.
China and Russia have deep defense sector ties. Putin’s war has not changed that, data show
Chinese state-owned defense firms have maintained trade relationships with sanctioned Russian defense companies during the past year, even as many of the world’s leading economies cut ties with Moscow and the companies driving its continued…
